A real estate company says the closure of Leamington's Heinz operation didn’t have a great impact on land prices, as what might have been first feared.
In its national farm report, ReMax found a stable market for agricultural land in Essex County. The company credits rich fertile land, allowing those farmers who lost contracts to supply tomatoes, an ability to switch to other crops.
As a result, ReMax reports farmers were not forced to sell their land.
Meanwhile, the company found a sellers’ market in Chatham-Kent, where existing producers are buying more land to expand their operations.
